Coalition

“It’s not imminent. But you can see this happening.” So sayeth Vince Cable about the prospect of another global financial crisis, in interview with the New Statesman today. To be fair, you can see his point: there is a pervasive sense that the contradictions of the banking sector still haven’t been fixed, and — as I have written recently — our economy, and economies worldwide, are still afflicted by debt of all varieties. But that’s not going to calm those Tories who regard Cable as a combustive liability. In the weeks since the Lib Dems’  annihilation at the polls, the Business Secretary has increasingly reverted to his pre-coalition form: a

The Big Society was dealt another blow with the resignation of Lord Wei yesterday. Sceptics will see this as a vindication of the concept’s problems. Most people, however, won’t notice that he has gone. The debate about the Big Society has long since become an elite sport, a jousting match between a determined promoter — the Prime Minister — and equally determined detractors in the media. Most people don’t care, and it won’t help or hurt the Tories at the next election. That’s a shame. For the Tories could use a positive post-Thatcher narrative about their administration. They may not need it if the country returns to economic growth. But

Today is, as the saying has it, a good day to bury bad news. With President Obama on the ground and an ash cloud in the air, not much else is going to get a look in on the news’ bulletins. But it is worth noting that Nat Wei, the government’s big society advisor, has quit his role today having scaled back his involvement in February. Wei has been pretty detached from Downing Street for the last few months, his role rather usurped by Cameron’s big society ambassadors, Shaun Bailey and Charlotte Leslie. So his departure won’t make much difference to the government. But it is still rather embarrassing as

If the Big Society were a horse, it would be shot. The wounds are too deep, the contamination too great, its legs are broken. And, worse, the Big Society is giving a good idea a bad name. David Cameron tried manfully today, but we only ever hear about the BS (as most Tory MPs call it) when he’s trying to relaunch it. No agenda can be sustained with such thin support. It has become hopelessly confused as an issue. Myths have crept in that volunteering relies on heavy state spending, so Cameron is talking out of his hat. It ain’t so — Jonathan Jones did the digging — but people

Is Britain’s growing national debt a matter of national security? In a speech this morning, Liam Fox said so. Sure, he said, you can protest at the defence cuts — but strength comes from having a strong economy and strong national accounts. “Those who are arguing for a fundamental reassessment of the Defence Review are really arguing for increased defence  pending. But they fail to spell out the  inevitable result — more borrowing, more tax rises, or more cuts elsewhere. The bottom line is that a strong economy is a national security requirement and an affordable Defence programme is the only responsible way to support our Armed Forces in the long term.” In